1/ BAMM💥 To have a DeFi renaissance, you need DeFi innnovation.
Introducing the Borrow Automated Market Maker (BAMM), a novel DeFi primitive that will change token borrowing & swapping forever. Access leverage for any token, without oracles or permission.
Frax founders @samkazemian & @travismo123 will be attending the Inaugural Crypto Ball to honor the beginning of President @realDonaldTrump's pro-crypto administration.
Frax has always been pro-US innovation from day 1, supporting & donating to numerous US crypto organizations from @standwithcrypto & @coincenter. We're excited to do our part in making the USA the crypto capital of the world! 🇺🇸
FIP #421 is live! The proposal furthers Frax USD's @Superstatefunds partnership allowing redeemability with $USTB (tbills) backing the frxUSD stablecoin creating an institutional-grade fiat on/off ramp for deep utility in real-world apps & payment systems. 🤝
FIP #420 for adding $USCC to the new Frax USD stablecoin is now live for voting by $FXS holders. This strategic partnership allows for @rleshner’s @Superstatefunds RWA entity to mint-redeem frxUSD using their proprietary carry-trade system 🚀
As part of our longstanding positive-sum partnership with the DeFi legends at Curve, LlamaLend is now on Fraxtal, our Top 14 L2, where DeFi super users transact.
@CurveFinance's native Llamalend deployment is officially live on Fraxtal! Some extremely juicy lend APRs+points for crvUSD lenders in multiple markets & great borrowing opportunities for sFRAX, sfrxETH, & FXS leveragooors soon 👀